0:00 – 5:01: Michael Campbell’s Editorial:  Protecting listeners from the fallout from the most dramatic historical change in generations that Michael sees coming. As JP Morgan said ” You can ignore economics and finance, the scary part is they won’t ignore you”.  

5:35 – 12:22 – Michael Levy on the Top 3 Stories Smart People Are Talking About. One shocker, how low the Royal Bank sees the CDN Dollar dropping dramtically against the US Dollar by the end of the year!

13:14 – 17:45 – In this Week’s Big Fat Idea has a special interview with Eamon Percy and his book: The book is The 1% Solution – How Small Daily Improvement Produce Massive Long Term Results.

0:00 – 18:03 – Michael’s featured Guest: Joseph Schachter, Money Talks oil and gas expert who has been so accurate on the major Oil swings in the last 2 years. Michael’s asks Joseph how to time the energy market and the critical question of when we can expect the next bottom in Oil. Also which clues will tell us the trend has turned – and most important, which companies to consider adding to your portfolio at the turn. A must-listen too interview given the state of the oil market right now. 

19:44 – 21:13 – Michael’s Shocking Stat: Whoa, taxpayers are going to foot the bill for this Government spending mystery! No explanation why a 26 Billion dollar expenditure exploded to 65 Billion since 2008!!

23:58 – 30:27 – Hot Properties: Ozzie on the change in Government in BC and what it might mean for real estate, not just in BC but also in Alberta. 

30:54 – 34:02 – Live From The Trading Desk: Victor’s opinion on Joseph Schacther’s take on the oil market (hint, Victor thinks Joseph is brilliant). Also what to do with the stock markets of the world blasting to new all time highs, the US Dollar that just closed with a weekly key reversal down. Victor thinks the US Dollar is sitting on a knife edge and that its next move is going to effect a lot of markets. 

34:25 – 35:36 – Michael’s Goofy: This week’s Goofy answers 3 questions, 1. What institution is the leader of the pro-life movement? 2. Who is the world leader of the Global pro-llfe movement?. 3. the answer to this question is the Goofy

Everyone loves to talk about gasoline prices, usually incorrectly assumng that the biggest gasoline cost factor is the price of oil. That’s why when oil prices fall they demand to know why gas prices didn’t fall proportionately. The go to answer is to blame greedy businesses, but the truth is that taxation is the biggest gasoline cost factor in most markets.

Both provincial and federal taxes on gasoline make-up about 36% of the at the pump cost. One of my favorite add-ons is paying GST on top of the other gasoline taxes. According to an illuminating new study by the Canadian Taxpayer Federation, the federal and provincial tax-on gas tax adds an extra 3 cents per litre on average. All told governments take in an extra $1.4 billion in revenue thanks to paying GST on the taxes.

Okay, maybe that’s not my favourite – as the Taxpayer’s Federation reminds us we still pay the temporary 15 cent per litre deficit reduction levy that was implemented in 1995. Temporary my ass, so far that little beauty has brought in $13.3 billion since inception. This year alone it will bring in $638 million.

The grand total of fuel taxes is a whopping $23.5 billion in 2017.

If you are wondering how much you pay in gas taxes check out the table below compiled by the Canadian Taxpayers Federation: 

source: The Canadian Taxpyer’s Federation’s 19th Annual Gas Tax Honesty Report May 18th, 2017

Michael Campbell

Josef Schacter called oil decline from over $100. Then called the recovery and made our listeners and World Outlook Conference attendees big money. What til you hear what he says is coming next.

….also from Michael: A New Definition of the Free Market

The movement to reject the powers that govern, or influence thought in Western Democracies is gaining momentum. Change will be significant, including on the financial markets which will be impacted dramatically.

….also from Michael: Central Power vs Entrepreneurialism Innovation & Initiative

Why do we do this? Because a small number of people will get through – and we want you to be one of them.

2017 World Outlook Financial Conference – Feb 3rd & 4th, 2017 at the Westin Bayshore Hotel in Vancouver

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